Many European corporations have plans to move investment to Vietnam

Data from the Ministry of Industry and Trade of Vietnam shows that, in the first 6 months of the year, the industrial production index of the manufacturing industry of electronic products, computers and optical products increased by 9.8% over the same period last year. previous, higher than the increase of the first 6 months of 2019 (3.5%). However, the export value in the first 6 months of computers, electronic products and components was estimated at 19.28 billion USD, up 24.2%; all kinds of phones and components were estimated at 21.5 billion USD, down 8.4%.

Therefore, the Ministry of Industry and Trade expects that in the last 6 months of the year, the electronics industry will still be greatly affected by the complicated epidemic situation, which is likely to reduce the demand for electronic products in the US and European markets. Europe. In particular, Samsung's global revenue and output is forecast to decrease due to the overall impact of the epidemic on the electronics industry in general. Samsung Vietnam is also expected to reduce its export target to about 45.5 billion USD in 2020 (compared to 51.38 billion USD in 2019).

According to the Ministry of Industry and Trade, Vietnam's disease control is highly appreciated by the international community. This is considered an important motivation to attract more foreign investment capital into Vietnam after the pandemic. Currently, transnational corporations are considering shifting investment, this is a great opportunity for Vietnam to catch up with this investment wave.